Xponance Inc. Purchases 8,120 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Xponance Inc. raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 316,446 shares of the restaurant operator’s stock after buying an additional 8,120 shares during the quarter. Xponance Inc.’s holdings in Chipotle Mexican Grill were worth $19,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $31,000. Sound Income Strategies LLC lifted its holdings in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $37,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $50,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 0.8 %

Shares of Chipotle Mexican Grill stock opened at $49.61 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The company has a 50 day moving average of $55.25 and a 200 day moving average of $57.89. The company has a market capitalization of $67.24 billion, a P/E ratio of 44.69, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMG. Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $65.00 in a report on Friday. Stifel Nicolaus lowered their price target on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Evercore ISI increased their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Stephens decreased their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup increased their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.85.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.